Fengde Li turned a profit of 9.33 million in the mid-term.

SighingCashier · 2026-03-24T12:31:43+00:00

Fengdeli Holdings' interim report as of the end of January shows a profit attributable to shareholders of 9.333 million yuan, earnings per share of 0.005 yuan, with no dividend declared. In the same period last year, the company incurred a loss of 42.596 million yuan. Revenue slightly decreased by 0.26%, but revenue from cinema and media entertainment businesses experienced a slight increase. The shift from loss to profit is attributed to cost control measures and entertainment event production costs being lower than expected.

SighingCashier

2026-03-24 12:31:43

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Fung Delic Holdings (00571) announced that for the interim period ending January 2023, the attributable net profit to shareholders was HKD 9.33 million, with earnings per share of HKD 0.005. No interim dividend was declared. The same period last year, attributable net loss was HKD 42.596 million.

During the period, revenue was HKD 354 million, a decrease of 0.26% year-on-year.

Revenue from cinema operations remained relatively stable, with a slight increase of about 0.5% year-on-year, mainly due to the strong box office performance of a few blockbuster films released during the period, such as “The Qin Empire,” “The Beast City 2,” and “Avatar: The Way of Water.” The group is actively implementing cost optimization measures for cinema operations.

Revenue from media and entertainment business increased slightly by about 0.6% year-on-year, mainly due to an increase in the number and scale of concerts held featuring local and Asian renowned artists, as well as higher sales of records, licensing income, and music publishing and licensing royalties.

The turnaround from loss to profit was mainly due to the group’s implementation of operational and administrative cost control measures, as well as lower-than-expected production costs for entertainment activities, which offset some of the losses recorded from film investments.

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